April 19, 2022
All Non-Banking Financial Companies
Madam/ Dear Sir,
In terms of para 3.2.2 (c) and para 3.2.3 (b) & (c) of the circular on Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs issued on October 22, 2021, certain regulatory restrictions on lending were introduced in respect of NBFCs placed in different layers. Detailed guidelines in this regard are placed as Annex to this circular.
2. These guidelines shall be effective from October 01, 2022.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
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